[3018-02-14] JPMorgan Proclaims Bitcoin ETFs Are the 'Holy Grail'

[Jgilpulg]

JPMorgan officials stated that a Bitcoin ETF “could have a transformational impact on the cryptocurrency.” To emphasize this point, JPMorgan likened it to the financial market impact of the first gold-based ETF.

https://bitcoinist.com/jpmorgan-proclaims-bitcoin-etfs-holy-grail/

[Carlton Banks]

There's little point in using the ETF concept for Bitcoin, it's a digital format that can be settled directly when trading. There are no ETF's on the Forex markets that I'm aware of, for the exact same reason.

[odolvlobo]

There's little point in using the ETF concept for Bitcoin, it's a digital format that can be settled directly when trading. There are no ETF's on the Forex markets that I'm aware of, for the exact same reason.

While I totally agree with your sentiment, their are ETFs for many currencies: http://etfdb.com/etfdb-category/currency/

[Carlton Banks]

While I totally agree with your sentiment, their are ETFs for many currencies: http://etfdb.com/etfdb-category/currency/

Interesting that fiat currency ETFs do exist. Presumably, settling in more obscure currencies is more difficult, and so ETF's help provide more trading liquidity for those currencies (i.e. more volatile currencies whose respective countries don't have significant domestic stock markets)